Square, Afterpay stock dip after stockholder vote on merger delayed

Square (SQ -4.0%) stock slide after the company said the Afterpay (OTCPK:AFTPY) stockholder meeting, originally scheduled for Dec. 6, to vote on its merger with Square will be delayed. Afterpay (OTCPK:AFTPY) drops 4.0%. After Wednesday's close, the company submitted an SEC filing disclosing that it still hasn't received non-opposition from the Bank of Spain, the only regulatory approval still outstanding. Square (NYSE:SQ) and Afterpay (OTCPK:AFTPY) said they expect to receive the non-opposition in mid-January 2022. They're considering options to reschedule the Afterpay (OTCPK:AFTPY) shareholder vote by the end of 2021, but say it's likely the meeting will be delayed into the new year. The company also recently discussed its outlook at an investor conference and announced its plan to change its corporate name to Block Inc. on Dec. 10. On Thursday, Square (SQ) CFO's commentary on November trends for Cash App and Seller "were largely in-line with commentary" from the company's Q3